--------------------------------------------------------------------------------------- BUSN 380 Week 3 Quiz Set 3 FOR MORE CLASSES VISIT www. busn380study. com
Department store Relative Finance company
Question 20. 20.( TCO 3) If Marjorie Wilcox borrows $ 200 for 1 year with an APR of 12 % and an annual service fee of $ 10, what is her total cost of credit?
$ 10 $ 12 $ 24 $ 34 $ 42
--------------------------------------------------------------------------------------- BUSN 380 Week 3 Quiz Set 3 FOR MORE CLASSES VISIT www. busn380study. com
1. _____ is a good example of a closed-end credit. A credit card issued by a department store A credit card issued by VISA or MasterCard A mortgage loan Using a cashier ' s check to pay for a purchase Using overdraft protection at a bank